Central regions | Finance, business | Technology & innovation

Fintech start-ups to get support from big players

17 Sep '18
A special competition for promising fintech start-ups will be held next month as part of Finopolis 2018, the Russian-wide forum on innovative financial technologies.

Fintech Lab, a Russian company, is the key driver behind the effort; the Central Bank of Russia and a number of this country’s largest financial companies are also supporting the event.

Eligible for participation in the competition are projects focused on blockchain, artificial intelligence, big data, customer service personalization, improved scoring, and other areas.

The winners may expect $15,900, $31,700 and $47,600 grants as the third, second and first prizes, respectively. Ten finalists will also be given a chance to present their solutions at the Finopolis 2018 forum in front of Russia’s top financial market players.

“This competition is an opportunity for the financial sector to see that big players are ready to work with start-ups and support innovation; that there are many promising teams among small companies which offer strong solutions, and banks do not necessarily have to do R&D on their own. We want to offer ourselves as an example of how market players can maintain a dialog with SMEs,” Fintech Lab CEO Anton Arnautov said in a comment on the upcoming event.

Financial technologies are one of the most fast-developing segments in Russia’s venture capital market. According to a recent EY study, fintech penetration in this country’s big cities has reached 43%.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: start ups (33) / fintech (3) / competition (24) / Fintech Lab (0) / Finopolis 2018 (0) /

Latest News: Central regions
16 Apr '19 | Technology & innovation
11 Apr '19 | Finance, business
10 Apr '19 | Transport, logistics | Finance, business
8 Apr '19 | Finance, business | Technology & innovation
 

Feature stories

4 Apr '19
Russian scientists have come up with what they say is...
29 Jan '19
Russian biologists and biophysicists have developed...
2 Nov '18
Drawing upon in-depth interviews, the book channels...
Search (News archive - 21340)
Advertising
Venture_Russia_2018
Advertising
NATT
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

19 Apr '19
Scientists in Rostov-on-Don, in Russia’s Southwest...
18 Apr '19
Dsight, a Russian analytic company, has put together...
17 Apr '19
Scientists at the Far Eastern Federal University in...

Most read stories from last week

17 Apr '19
Scientists at the Far Eastern Federal University in...
19 Apr '19
Scientists in Rostov-on-Don, in Russia’s Southwest...
18 Apr '19
Dsight, a Russian analytic company, has put together...